Just wanted to let you know that today 11/15/2011 is the date that we are expecting to begin seeing definitive clarification on how the HARP program changes can lower your mortgage interest rate. Even if you owe substantially more than what your home would be appraised for, you can still take advantage of this and lock in a very low interest rate. Again, this would only be available to those of us who’s mortgage is owned by Fannie Mae or Freddie Mac. As soon as I have more information, I’ll be sure to be in touch with you as the details become available. There is a lot of information on the internet on this already, but much of it is speculation. I’ll communicate all the details once they become available.
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Thanks Joel Lundburg for the info.